Shrugging off yesterday’s news that, in the face of a potential U.S. debt downgrade, there will not likely be additional stimulus measures, stocks are inking their way into the green this morning. Positive second-quarter reports from tech giant Google (NASDAQ:GOOG) and banking behemoth Citigroup (NYSE:C) have helped spur the bullish sentiment. As a result, a number of stocks are pushing their way up to new 52-week highs, including energy stocks Petrohawk Energy Corp (NYSE:HK) and Cabot Oil & Gas (NYSE:COG).

However, on the heels of a disappointing Consumer Sentiment Survey, airline stocks Southwest Airlines (NYSE: LUV) and US Airways (NYSE: LCC) are falling to 52-week lows. In July, consumer sentiment dropped to 63.8, far below the 71.4 expected and 71.5 posted last month.

A full report is given below.

Stocks hitting 52-week highs

Petrohawk Energy Corp (NYSE: HK): The Texas-based natural gas company has surged 62% in morning trading, helping spur the entire energy sector. The stock is up on news that the world’s largest mining company, BHP Billiton (NYSE: BHP), has presented Petrohawk with a $12.1 billion buyout offer.

Cabot Oil & Gas (NYSE: COG): The independent oil and gas company is up about 9% so far this morning after Jefferies investment firm raised earnings estimates on the company and increased the stock’s price target to $85, citing growth potential due to the Marcellus shale reserve.

Clorox Corp (NYSE: CLX): The household products company, best known for its hallmark bleach product, has cleaned over 8% returns so far this morning. The company, which also owns the Hidden Valley, Burt’s Bees and Brita brands, is up on news that renowned investor, Carl Icahn, has launched a $10.2 billion bid on the company, potentially prompting buying interest from other investors.

Stocks hitting 52-week lows

Southwest Airlines (NYSE: LUV): The passenger airline that flies to 69 cities in 35 states has hit some turbulence, dropping about -0.2% so far this morning. The stock is down on news that the Department of Transport has proposed airline companies to provide more details about the fees they collect from customers.

US Airways (NYSE: LCC): The fourth busiest airline company, by passenger count, has fallen about -1% this morning following news the Department of Transport wants to see more information on fees that airline companies collect from passengers.

Lightbridge Corp (NASDAQ: LTBR): The nuclear fuel technology company has fallen nearly -8% this morning. The stock has been in steady a downtrend since mid-March and seems to be succumbing to technical vulnerability in the wake of the Japan nuclear reactor crisis.

As of this writing, Deborah O’Malley did not own a position in any of the stocks named here.